Paul Romer on culture and technology: lessons for acquisition

December 17, 2018 Eric Lofgren 0

Do you think that the distinction between growth at the frontier and catch up growth is always so well defined? So if you think about China, they seem to have innovations: how quickly they can build things; they have an autocratic government, but they’ve managed to keep reasonable stability and the public on board. Isn’t that kind of innovation like a technological innovation and their growth in a way is at some other frontier rather than being just catch up?

How to save $1 trillion on defense spending

November 27, 2018 Eric Lofgren 1

I was recently in an interesting round-table discussion where one gentleman was talking about a plan to cut $1 trillion of defense spending over ten years. He said there was interest on this subject from both the progressive left and the deficit hawk right. But how would you do it?

Do intangibles lead to a productivity divergence?

November 24, 2018 Eric Lofgren 0

When intangibles hardly matter, then capital and labor ought to be about equally productive across all firms. When intangibles matter a lot, then productivity differences will widen. What does this mean for defense organization?